There’s a popular saying on Wall Street – Money doesn’t sleep. This investor quote is becoming more relatable in cryptocurrency every day. If you want to catch up with new trends and make good money in the crypto space, you have to be attentive and watch out for new opportunities as they spring up. Cryptocurrencies like Solana, Shiba Inu, and even Bitcoin rose exponentially in 2021 and most of the people that benefitted were early investors. Today, Helium crypto is surging along with TamaDoge and it is not too late to take advantage. In this article, we want to show you how to ride the Helium trend and maximize profit before the market turns.
Everything you need to know about Helium crypto
The best thing about the Blockchain industry is that developers are building different frameworks to solve both physical and digital problems. We are pretty sure you’ve heard about the Internet of Things (IoT). IoT focuses on embedding computing devices in our everyday objects to enable them to communicate with each other and work more efficiently. The real question is, how does Helium contribute to IoT?
Helium (HNT) is a decentralized blockchain-powered network that supports the internet of things. This blockchain allows low-powered wireless devices to send data across its nodes of network and communicate with each other. Helium combines a wireless gateway with a blockchain mining device to allow gadgets to communicate with each other more seamlessly. Since the start of IoT, there has been a lot of development in the space. However, there are still a few inadequacies that prevent it from gaining general acceptance across the world. Helium aims to ready IoT communication networks for the future while fixing its current inadequacies.
Helium was founded in 2013 by Amir Haleem, Shawn Fanning, and Sean Carey. Right now, the Helium team is made up of experts in radio, hardware, peer-to-peer, and blockchain technologies. Currently, Helium uses 30-to-60-minute mining periods and these tokens are distributed across a changing growth plan. As of October 2022, there were 127,934,506.385 HNT in circulation. More coins are mined every day and investors are gobbling them up.
Why are investors buying Helium?
The main allure of blockchain technology is decentralization. The fact that the users (not the government, developers, or companies) control the framework guarantees privacy and a sort of freedom. When IoT started gaining ground and acceptance in 2013, developers thought it best to add decentralization to the framework. In more literal terms, you don’t have to worry about a gadget apocalypse cause hackers have taken over your central system.
Helium was built to give financial incentives to people utilizing the internet of things. The participants in the network purchase hotspots (they could also choose to build their own). Each hotspot will provide network coverage over a certain area and also mine HNT in the process. This unique network runs on a proof-of-coverage algorithm. The foundation of this algorithm is the HoneyBadger BFT protocol and it allows the nodes in a network to reach a consensus when connection quality is highly variable.
Investors are interested in the Helium project because it is new and innovative and it shows much potential in the blockchain space. Helium investors understand that this is a long-term project based on worldwide acceptance of the Internet of things. The more people use IoT in their homes, offices, hotels, school, and so on, the more the Helium project will grow and the greater the financial gains. Will helium make x1,000 gains?
Helium price movement
You cannot tell if a coin will make x1,000 gains. However, you can predict its price movement by looking at data. Before you invest your money in HNT, you need to understand its financials. Currently, HNT ranks at No.65 in market cap among cryptocurrencies worldwide. Its market cap stands at $588,000,131.04. As of the time of writing this piece, HNT is trading for $4.57 across exchanges. Its lowest trading price was on June 10, 2020, when it traded for $0.2543. During the 2021 crypto bull cycle, HNT smashed an all-time high of $55.22 giving its early investors a 1580.47% profit. You don’t need to question if HNT will make x1,000 gains because the token has achieved this feat already. The real question is, will this mega pump repeat itself?
In the last month, HNT has traded between $3.92 and $5.74 (low and high respectively). Like we said earlier, HNT rode the October 2022 surge and it is well positioned to pump in the next crypto bull cycle. Our advice is that you buy more HNT now when it’s cheap so you don’t miss out on massive profits in the future. As always, DYOR
How to buy Helium
Helium launched across major crypto exchanges in 2020 and you can easily purchase it with USDT, ETH, or BTC. You can buy HNT on Binance, Binance US, Gate.io, Kucoin, Crypto.com, FTX, Bitvavo, and so on. When you buy HNT, you can decide to wait and make a quick profit or you can decide to hold for the long term and hit it big. Remember, it is crucial to do your research before investing in any token.
The TamaDoge opportunity
While HNT is part of the tokens enjoying an October surge after a bloodbath crypto year, TamaDoge is also doing the same. One advantage that TamaDoge has over HNT is the price. HNT is a more established coin and its price is not easily subjected to market makers. However, you can jump on the TamaDoge train and make profit before the bear season reasserts itself again.
If you are looking to buy HNT, that’s a good decision and a potentially profitable one. We have outlined the utility and potential of the blockchain clearly. Its token will take center stage in the years to come. You should also buy and hold a few TamaDoge tokens. TamaDoge has huge growth potential and you can easily get them here. Crypto prices are surging once again and you should take full advantage to maximize profits.